Quote from: gochk on September 14, 2011, 07:46:54 PM

Quote from: fcmatt on September 09, 2011, 07:20:51 PM

Quote from: chungenhung on September 09, 2011, 07:16:09 PM

Quote from: viperjbm on September 09, 2011, 07:02:35 PM

probably become stable for a while around $4, there is a pretty sizeable bid wall there.

I agree, it should stop dropping around $4, as that is the cost for most people to produce them.

I do not think it was lowly miners causing the price to drop. It was people with massive amounts of
money that bought BTC or cheaply bought BTC (early adopters) that decided to just dump it all.

Miners do not all sell 15000K at once.. in a one hour period.

Larger players wanted out.

One has to wonder why the early adopters and larger players are cashing out? Why are they wanting out? Do they know something the rest of us don't?

They don't want to take any more risk. Since BTC has an low chance of going back up, they think that this "gambling" should come to an end.